Longview Partners Guernsey LTD Has $211.22 Million Position in Arrow Electronics, Inc. (ARW)

Longview Partners Guernsey LTD lowered its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 1.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,865,099 shares of the technology company’s stock after selling 31,080 shares during the quarter. Arrow Electronics makes up approximately 1.0% of Longview Partners Guernsey LTD’s holdings, making the stock its 25th largest position. Longview Partners Guernsey LTD owned approximately 3.28% of Arrow Electronics worth $211,215,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ARW. Korea Investment CORP boosted its position in Arrow Electronics by 84.2% during the 2nd quarter. Korea Investment CORP now owns 105,421 shares of the technology company’s stock worth $7,936,000 after acquiring an additional 48,200 shares during the period. Strs Ohio boosted its position in Arrow Electronics by 642.3% during the 2nd quarter. Strs Ohio now owns 7,646 shares of the technology company’s stock worth $575,000 after acquiring an additional 6,616 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Arrow Electronics by 2.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 412,612 shares of the technology company’s stock worth $31,062,000 after acquiring an additional 9,409 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Arrow Electronics by 2.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 52,868 shares of the technology company’s stock worth $3,980,000 after acquiring an additional 1,469 shares during the period. Finally, Private Advisor Group LLC acquired a new position in Arrow Electronics during the 2nd quarter worth $253,000. Institutional investors and hedge funds own 92.98% of the company’s stock.

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A number of research analysts have issued reports on the company. Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Wells Fargo & Co assumed coverage on Arrow Electronics in a research report on Tuesday, July 17th. They set an “outperform” rating and a $90.00 price target for the company. Finally, ValuEngine lowered Arrow Electronics from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Arrow Electronics currently has an average rating of “Buy” and an average price target of $88.17.

Shares of ARW traded down $0.17 during midday trading on Friday, reaching $68.59. The stock had a trading volume of 9,168 shares, compared to its average volume of 469,037. Arrow Electronics, Inc. has a 52 week low of $67.11 and a 52 week high of $87.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.69. The company has a market capitalization of $6.13 billion, a PE ratio of 9.10, a P/E/G ratio of 0.83 and a beta of 1.12.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, August 2nd. The technology company reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.05. Arrow Electronics had a return on equity of 14.81% and a net margin of 1.72%. The company had revenue of $7.39 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the previous year, the business earned $1.78 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, equities research analysts forecast that Arrow Electronics, Inc. will post 8.88 EPS for the current fiscal year.

In other news, insider Vincent P. Melvin sold 2,000 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $78.10, for a total transaction of $156,200.00. Following the sale, the insider now directly owns 16,371 shares of the company’s stock, valued at $1,278,575.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gretchen Zech sold 4,500 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $77.00, for a total value of $346,500.00. Following the sale, the senior vice president now directly owns 21,814 shares in the company, valued at $1,679,678. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services.